Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-06-04
VULCAN IRON WORKS.
wgAT Is PROPOSED BY THIS JOINT
STOCK COMPANY.
A Rolling-Mill and Furnace for tho
Manufacture Of Iron to
be Erected.

on Thursday granted charter 10 the Vul.
can lron.Works, company formed for
the purpose OF manufacturing and selling
bolts. screws, nuts, aud other merchantable
iron, the full provisions of which, together
with the names Of the officers and corpora.
fors, were published In this paper ycster.
day morning.
A representative OF the Disp1tci called
at The Vulcan Works yesterday afternoon
and had q very pleasant conversation with
Mr.. 4. SeddOu Bruce, proprietor OF the
present works and president OF the new
company.
The present works are situated at the
southwest corner Of Seventh and Byrd
streets. and cover one fourth OF the square.
They were formerly conducted by Bruce
& Archer. but are now owned aud ope-
rated by Mr.. Bruce individually.
THE NEW COMPANY.
He SAID that in brief the object Of the
c0mLany Is 10 enlarge the present plant BY
the erection in its rear oi a rolliDg-mil for
tie manufacture OF material to be used In
the nut. bolt, and screw department, and
thus better the facilities Of the company,
that II may be more abe TO compete with
tnll pahits that ~ "hhHNtuiC 'Hch wv"
iron.
Heretofore the iron used in these works
has been purchased, either in this or other
markets, whereas the manufactures OF
similar wares in Wilmington, jersey City,
Troy, Pittsburgh, Cincinnati, Clevellnd,
81. Louis, and Birmingham, and Otner
places North, West, and South, make their
own iron. and thus save to Themselves the
profit on the manufacture.
MAKE TWO PROFITS.
These works all make two prodts-one
on the manufacture OF the iron, the other
on the articles into which the iron is
worked
The Vulcan Works make a specially OF
crack bolts and nuts used in constructing
railroads, cars, &C., which are made OF the
best and most expensive material.
There are other companies that make
bolts and nuts, but not OF as high grade as
these, who purchase their iron; but none
where the crack goods are turned out. The
new company will only make the same
articles now being made; they simply pro-
pose TO add a rolling mill and large fur
mace for converting the raw material
into merchantable iron. Since the COM
pany has been formed Mr.. Bfuce has pur-
chased The piece OF property running from
the rear Of his present works back TO Sixth
street, which belonged to Mrs. John Tyler
and on which there is a large brick stable.
By. this addition the works will he made to
cover half square, just twice the size OF
the present establishment. The stable will
be converted INTO sheds, under which vii
be located the furnace and rOllng-milIs.
THE CAPACITY.
The works, II operated both night and
day turns, will yield from twenty to twenty
five tons each twenty-four hours; if only
operated on The day turn the output VIII
be, OF course, bpt half Of this quantity. II
is not now proposed 10 increase the capacity
Of the present works, only TO add the fur
mace and rolling mil that the material used
nav be made there instead OF having TO he
bought.
The iron III excess OF the demands OF the
nut and bolt departments will be sold to
the trade. Gentlemen OF experience say
that the profit in making the iron is equal
TO, il not greater, than that in the manu-.
faclure of the articles OF sale.
TO BEGIN WORK IN AUGUST.
Work on the addition will begin at once.
and is expected to be completed by the 18th
OF August, when the rolling department
will be put In operation. The most im-
proved machinery and modern appliances
will be used, and the entire establishment
will be thoroughly equipped. The large
furnace one item in the contemplated i'm.
cost about $500. At
present Mr.. Bruce gives employment to
about seventy.fye hands, men and bows,
and when this enlargement IL made this
number will be greatly enlarged.
The company has sufficient money to pay
Tor everything and to commence operation,
and they consider the au-
specs under which they start most prOms'
ing.
THE RESULT.
The amount OF the whole business is that
the Vulcan Works, like its competitors,
will IN future make TWO profits on the nuts.
bolts. and screws sold, and when bidding
in close contests can sacrifice one profit.
Alr. Bruce is now estimating for a con-
tract which he hopes to get that be SAYS he
could not think Of offering for IL he did
not expect TO have the rO!ling-mill IN opera.
tion before the Goods are made.
Among the stock and subscribers, as seen
from the list published yesterday, are some
Of Ricbmond's most sterling businessmen
and capitalists.